Gurgaon, , India
Content Writing, Quality Assurance, Computer Knowledge
“Institutionalizing for Innovation”
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Abdullah Malik 05 Oct 20   Views 46 Views  Comments 0 Comments 
Innovation is the name of the Game today. But managing innovations has become a fairly challenging task. Leadership teams must be able to manage streams of innovations. They must be able to handle existing products and services even as they create new ones. They should be able to manage both incremental and radical innovations.

In the aftermath of the global financial crisis, the Western economies are under pressure as their growth has either stalled or drastically slowed down and there is growing awareness that their dominance of the global economy might be under serious threat. They increasingly see their future in the emerging markets. At the same time, major emerging economies, including China and India, are powering ahead and in the process are redefining the global economic landscape.

Indian multinationals is the emphasis on innovation which they believe is the only sustainable competitive advantage in the 21st century knowledge intensive global economy.

The purpose of Institutionalizing Innovation and Deployment (I.I.D.) is to select and deploy incremental and innovative improvements that measurably improve the organization’s processes and technologies. The improvements support the organization’s quality and process-performance objectives as derived from the organization’s business objectives.
“NOW EVERYONE CAN INNOVATE”
“EVERYONE IS INNOVATOR”
“INNOVATE BY EVERYONE AT EVERYWHERE, ON EVERYTHING AND AT ANYTIME”
The Institutionalizing for Innovation and Deployment process area enables the selection and deployment of improvements that can enhance the organization’s ability to meet its quality and process-performance objectives. The term “improvement,” as used in this process area, refers to all of the ideas (proven and unproven) that would change the organization’s processes and technologies to better meet the organization’s quality and process-performance objectives.
Quality and process-performance objectives that this process area might address include
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